Does QQQ follow a distinct trading pattern?

[shotse]

Quote from traderlux:

here is a swing trading idea for the QQQ using weekly options;


QQQ trade with weekly options.

Here is a trade idea that I that got from either ET or Y!, can't remember.
The strangle part came from an idea in a Bernie promo.


Buy calls after several down days that are opposite to trend.

Buy puts after several up days that are opposite to trend.

Trend based on 1 week chart.

Trade weekly options with strke ATM, or 1 strike OTM.

Open trade on thu, fri, mon, or tue.

Close trade after several days.

Cost of option should be about $0.33 to $0.50

Trade could also be placed as a strangle.

Buy option in direction of expected move.

Buy as a hedge, cheaper option in opposite direction.

Very interesting use of options as a trading strategy. Let me look into this more I like this strategy too. Thank you.

 

[trhudson]

There is RESEARCH to back this up...I can research ANY SYMBOL with any % that you would like in seconds. I can also give you the probabilities of where it will close ... above the high, below the low, above / below the midpoint. What percent of the time does the close above the previous high when it opens in specific areas.

I can also run numerous Gap Situations that will tell you when the gap is closed based on where it opens. If it closes to the Close / High / Low...

Just let me know what you want and I can give it to you...

Quote from shotse:

Is there research backing this? Thank you for the post as of the moment right now I am trying to construct a trading strategy for the QQQ ETF. Hopefully with everyones knowledge combined on here we as a team can make a great one. Thanks for that info.

 

[shotse]

Quote from trhudson:

There is RESEARCH to back this up...I can research ANY SYMBOL with any % that you would like in seconds.

How do you do that?

 

[trhudson]

Using a mySQL database and PHP...extremely easy...I developed web pages to research all of this information.

Quote from shotse:

How do you do that?

 

[shotse]

Quote from trhudson:

Using a mySQL database and PHP...extremely easy...I developed web pages to research all of this information.

Is this open to the public?

 

[trhudson]

Not currently...it will be soon.

This is vital information and would take you quite sometime to research using any commercial platform. It is also extremely versatile, you input the %'s that you want to research as well as the stock symbol. It will also look for specific daily patterns, if you so desire.

It takes about 20 seconds using PHP / mySQL even when it is made to look good. The process of making data look good is what slows down the PHP / mySQL platform...but is 20 seconds slow?

Quote from shotse:

Is this open to the public?

 

[shotse]

Quote from trhudson:

Not currently...it will be soon.

This is vital information and would take you quite sometime to research using any commercial platform. It is also extremely versatile, you input the %'s that you want to research as well as the stock symbol. It will also look for specific daily patterns, if you so desire.

It takes about 20 seconds using PHP / mySQL even when it is made to look good. The process of making data look good is what slows down the PHP / mySQL platform...but is 20 seconds slow?

20 seconds is fast, but the faster the better is the world we live in today.

 

[trhudson]

I am working on a pre-market Open calculator today that will do the following:

You enter the symbol and the % range that you want to examine it will give you the following 5 zones:

Above the High
In the Top X % of the Previous Range
Mid of the Range (100 - (2 * X))
In the Bottom X % of the Previous Range
Below the Low

It will tell you what percentage historically that the Gaps will Close to the High / Low and the Close. I will break this down into much greater detail, but currently this will be basic.

If the Open is inside the Range, it will tell you what the historical probability of a new High / Low or a break of the midpoint.

If you are interested, let me know.

My research has shown that the higher in the range of the previous day that a stock opens, one might expect a higher probability of a higher close (above the previous high), this actually is not the case.

 

[shotse]

Quote from trhudson:

I am working on a pre-market Open calculator today that will do the following:

You enter the symbol and the % range that you want to examine it will give you the following 5 zones:

Above the High
In the Top X % of the Previous Range
Mid of the Range (100 - (2 * X))
In the Bottom X % of the Previous Range
Below the Low

It will tell you what percentage historically that the Gaps will Close to the High / Low and the Close. I will break this down into much greater detail, but currently this will be basic.

If the Open is inside the Range, it will tell you what the historical probability of a new High / Low or a break of the midpoint.

If you are interested, let me know.

My research has shown that the higher in the range of the previous day that a stock opens, one might expect a higher probability of a higher close (above the previous high), this actually is not the case.

Yes, I am interested in your pre-market open calculator. Please tell me more about this and your research behind it.

 

[increasenow]

do you monitor AAPL at the open or during the day as AAPL is 11.88% of the QQQ....this is way more than any component of the DOW or SP500...